DGAD recommends anti-dumping duty on TBR import from China
The Dollar Business Bureau The Directorate General of Anti-Dumping and Allied Duties (DGAD), in its final report, has recommended that anti-dumping duty is to be imposed on the imports of truck and bus radial (TBR) tyres from China. The DGAD has submitted its report to the Ministry of Finance, which will come out with the final decision and issue a notification regarding the same. After investigations, the Authority has come to a conclusion that TBR has been exported by China to India below the normal prices, causing material injury to the local industry. There has been substantial rise in the dumped imports of TBR and the landed value of imported products have been considerably lower than the level of cost of selling ...
Apollo Tyres intensifies focus on Malaysian market
The Dollar Business Bureau In a bid to make its presence felt in the country, Apollo Tyres announced that it has opened an office in Malaysia. The company, which is the 17th largest tyre-maker in the world, has its offices in Thailand and Indonesia. For the past two years, Apollo has been making constant attempts to enter Malaysia, the third largest automotive manufacturer in the ASEAN, as that will serve for better growth of the company in the region. The Indian based company’s product range matches with the requirements of Malaysian consumers. With retail and distribution partners backing, Apollo Tyres till date penetrated into many key replacement tyre market. With its base firmly established in Malaysia, the company believes in placing its focus on ...
Tyre industry asks govt to check cheap Chinese imports
The Dollar Business Bureau Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres into India Facing a tough fight from cheap imported products, Indian tyre industry has urged the Commerce Ministry to put strict restrictions on tyres shipped into the country by Chinese suppliers at lower rates. Terming import of radial tyres from China as “indiscriminate”, an industry body said that the prices of imported products are 25% lower than locally-produced brands. The high-capacity radial tyres mainly used in heavy vehicles are the mainstay of the industry accounting for 55% in volume and value terms. Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres ...
